According to the first advance estimates, Kharif pulses output is estimated lower by 14.6% at 5.26 million tonnes compared with 6.16 mn tn last year. However, higher sowing hopes due to late revival of monsoon rains in producing regions restricted the rise.
The spot prices of Akola mix were reported at Rs 4850 per quintal and Chapa quality were at Rs 4950 per quintal in the early trades, down Rs 50 from the previous day. The total daily arrivals were hovering at the levels of around 30,000 bags, against 35000 bags in last day.
Chana futures slipped in the previous two sessions on profit taking of the earlier gains. The counter bounced back from the session low at Rs 4682 and ended the day at Rs 4820, up Rs 94 or 2% from the last day close. The open interest added 20% to 96,720 tonnes, indicating short selling.
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